GeorgeUK's "don't fall off" Diary

ZTD

GeorgeUK wrote: »

Will possibly have enough to settle the bank loan - will need to ask for another early settlement value from them. I think using the rule of 78 i will save only about £40-£50 but it's better in my pocket than theirs. Just hope i have done the numbers right and amn't a month ahead of myself.

If it's important - then re-do the calculations.

GeorgeUK wrote: »

Got a week's extension to my sick leave - noticed the wound was weeping a little yesterday,

Nasty!

Quick - make it happy. Telling it jokes should stop the weeping...

GeorgeUK wrote: »

but i just phoned the surgery and they passed the extension request on to the doc. Not had a checkup or anything,

You've had a non-keyhole appendectomy. There's no doc on the planet that's going to think that will have healed by now...

GeorgeUK wrote: »

Still taking things easy and stating away from the computer - just so i don't spend a few hours in the one position and regret it later.

Get a sun tan. Good for you Vit D. Stops all sorts of things.

GeorgeUK wrote: »

Hope everyone else is keeping better.

I don't have a huge hole in me - that's better in my book.

Take care.

beanielou

Take care George.
PM me your address if you dont mind.

boredofbeingathome

GeorgeUK wrote: »

New Balance: £5,127

Just popped in to let everyone know i'm still alive and kicking.Glad to hear it

Will possibly have enough to settle the bank loan - will need to ask for another early settlement value from them. I think using the rule of 78 i will save only about £40-£50 but it's better in my pocket than theirs. Just hope i have done the numbers right and amn't a month ahead of myself.
I am sure you have
Got a week's extension to my sick leave - noticed the wound was weeping a little yesterday, but i just phoned the surgery and they passed the extension request on to the doc. Not had a checkup or anything, but will arrange one for the end of next week as i'll hopefully be walking more and will need to get some strength back before going back to work.
Make sure you are fully recovered young George
Still taking things easy and stating away from the computer - just so i don't spend a few hours in the one position and regret it later. Hope everyone else is keeping better.

Well we all regret the hours spent in one position- not good at all it can lead to all sorts of complications:D:rotfl: R&R is far better;)

3Dogs

Good to hear from you George and that you are almost ready to go back to work, but no going back too soon mate make sure you are fully recovered pet

GeorgeUK

Not putting up new balance yet as payments have still to clear.

First day back at work and i took the advice here and from folks at work - only did a half day. Ouch!
Thought i may have been okay to go back full time but i definately am not up to that yet. Was dizzy in the morning having walked to the train station, but was also quite sore as the day progressed. Will need to make sure i pace myself.

I may have just paid off my loan, so will hopefully be updating the balances soon. Was a bit of a pain to work out the rule of 78 and trying to factor in the 58 days interest they add, but i eventually got there. I beleive that loans after 2005 should not be done this way, but it looks like this is how it has been done - will need to look into this further.

Loan 10,000
Interest 1,794.08
Payment 245.71
months 48

rule of 78 - (no. of parts interest divided into) n*(n+1)/2
48*(48+1)/2
=1176

I just paid month 38, so 10 months remain
Subtract from this the number of days interest (58 days standard) - i need to add 14 days to this as that's how long ago my alst payment was.
10-((58+14)/365*12)
=7.632877

n*(n+1)/2
=7.632877*(7.632877+1)/2
=32.94684

32.94684/1176*1794.08
saving from early repayment = £50.26

I just made a payment of 2406.84 and had 2457.10 remaining so unless it's a huge coincidence, i'd have to say that they are using the rule of 78 method instead of the Consumer Credit (Early Settlement) Regulations 2004. It took me long enough to figure out the first method!!

Anyways, orf for a nap now

beanielou

Take it easy.

Buffythedebtslayer

Blimey. I just asked Egg for a settlement figure and then paid it!

You can do really complicated maths. *is in awe*

Do take it easy please xx

xx

boredofbeingathome

Well done George..£50 is £50 Now i need to keep re reading it so i can understand it...goes off muttering to self

GeorgeUK

New balance: £2,470

Only got confirmation today that loan was paid off. Now totalling up the total amount of interest i paid - well, it's a hobby

Not really feeling great. Was not well at the weekend, but thought i was okay to go in to work on Monday - nope. Took Tuesday off to have a good rest and recharge my batteries. Back in to work today... Might go to see the doc tomorrow as my wound still hurts quite bad at times (well, just below it). Might not be fully recovered as i'm still tired and feel weak, but at least i got a report out today.

Hope everyone else is doing a bit better.

3Dogs

Listen to what your body is telling you George